South Africa's economy is in a bad place right now, and things won't get much better until 2020 at the earliest. The country's financial resources have been depleted over the last few decades. Because of the lockdowns, several businesses were forced to close or lay off staff, further harming the economy and exacerbating the challenges already present in the country.
It is becoming increasingly difficult for many people to make ends meet as the cost of living continues to climb. Commodities like gasoline and electricity have already seen their prices rise.
A household food basket has climbed by more than 3% over the past year, according to current trends. Everyday basics are becoming more and more expensive, and this trend is only going to get worse.
Prices for cooking oil, a staple of most diets, have skyrocketed recently. Maize and wheat prices are also on the rise, which is terrible news for consumers.
South Africans, particularly the poor and disenfranchised, will feel the effects of this.
One of the most important foods for many South African families, it is used to make porridge in the morning and pap for lunch and dinner.
South Africa's cost of living is out of this world.
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